Bitlayer: The Initiator of the 'Bitcoin DeFi Revolution' in the Crypto World
When DeFi became the mainstream of crypto finance, Bitcoin was left out due to technical limitations—this awkward situation of 'mainstream absence' was broken by @BitlayerLabs using #Bitlayer . It is like the initiator of the 'Bitcoin DeFi Revolution', rewriting the rules with technological innovation, transforming Bitcoin from a 'bystander' in DeFi to a 'participant'.
The weapons of this 'revolution' are the three major technologies of @BitlayerLabs : BitVM bridging technology has disrupted the Bitcoin cross-chain model; previously, cross-chain relied on centralized platforms, but now it achieves 'trustless cross-chain' through cryptographic proofs, which is a revolution on the technical level; Rollup technology has restructured Bitcoin's transaction logic by packaging a large number of transactions before they are put on-chain, aligning transaction efficiency and costs with mainstream public chains, which is a revolution on the performance level; YBTC redefines the use cases of Bitcoin, which is no longer just 'stored', but can be pledged, traded, and earn interest, representing a revolution on the functional level.
The participation of developers and users brings the 'revolution' to reality. After #Bitlayer supports EVM, Ethereum developers flooded in with DeFi experience, replicating mature models in the Bitcoin ecosystem, quickly shaping scenarios like lending, DEX, and NFT; users vote with their actions—after half a year online, YBTC's pledged amount exceeded 100,000 coins, and more and more people are willing to let Bitcoin participate in DeFi. @BitlayerLabs is also promoting the establishment of industry standards to provide a framework for Bitcoin DeFi.
This 'revolution' has just begun: Bitlayer is making Bitcoin the core asset of DeFi, while @BitlayerLabs is the driving force behind it. By joining this revolution, you are not only a witness but can also become a participant in the new order of the Bitcoin ecosystem. #Bitlayer
